/// Wassup? What’s Down Is More Like It, As China Settlement Fails to Stem Yahoo Stock Decline

July 31, 2011  |  All Things Digital


You would think the settlement of a major dispute would goose the stock of a company, but Yahoo’s deal with its Chinese partner Alibaba Group on Friday did exactly the opposite. Despite the clearing of an obvious overhang to its shares, the stock of the Silicon Valley Internet giant dropped almost three percent Friday to close at $13.10. While the ongoing federal budget wrangling was partly to blame, it was only a very small part with an overall market decline of under one percent. A tepid reaction to the deal — in which Yahoo, Alibaba and Japan’s SoftBank came to terms over the spin-off of Alibaba’s Alipay payments unit after much wrangling over the move — from Wall Street analysts was quick. A report titled “Yahoo Inc: Alipay Agreement: Better than Nothing, But Not That Great” by J.P. Morgan Doug Anmuth was typical

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Wassup? What’s Down Is More Like It, As China Settlement Fails to Stem Yahoo Stock Decline


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